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i just bought 18 acres on the direct border of the Ouachita National Forest in SE Oklahoma for reasons outside the pandemic (i live in Dallas, about 4hrs away).
by chasd00 6y ago
i just bought 18 acres on the direct border of the Ouachita National Forest in SE Oklahoma for reasons outside the pandemic (i live in Dallas, about 4hrs away). The real estate person said all land is gone within days of listing. They're selling at $7-8k/acre what was $1-2k/acre just a couple years ago. People are flocking to the country side.
- shiftpgdn 6y agoI don't think it's a permanent move though. People are buying summer/weekend homes or property which already had constrained supply.
- chasd00 6y agoi agree, i think people are buying but then will sell and head back to the city eventually. Living out in the sticks is ok if you understand what you're getting in to but many don't. However, I think it will have a lasting impact as many urban people are going to have at least some real world exposure to rural life. It may broaden the perspectives of both urban and rural types... or drive them even further apart.
- 01100011 6y agoI'm sure there are a combination of factors. With prices of most assets inflated and lots of money flowing around, land speculation is probably a significant factor. Lots of folks are probably looking for security but will turn around and sell once things stabilize or they realize that property ownership and living in the country come with responsibilities they're not equipped or willing to handle.